Insider Sale at Magnum Hunter Resources Corp (MHR): Hershal Ferguson Unloads 10,000 Shares

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For the first time this month, Magnum Hunter Resources Corp (NYSE:MHR) saw an insider trade be executed, at the hand of Hershal Ferguson, Executive Vice President of the firm. Ferguson’s transaction was completed yesterday and consisted of a disposition of 10,000 shares of Common Stock, $0.01 Par Value, for which the insider paid an average weighted price of $8.03 per share. This sale constitutes the third insider trade executed by the Executive VP throughout the fiscal year, as he unloaded 50,000 shares of Common Stock two weeks ago, paying $8.26 per share.

Furthermore, this past month showed frequent stock sales at the $1.6 billion market cap oil and gas company, with Executive Vice President, James Denny, selling 125,000 of his shares for an average weighted price of $8.46 per share. Donald Kirkendall, the Senior Vice President at Magnum Hunter, also reported a stock sale last month, unloading 100,000 shares of Common Stock for a price of $8.34 per share.

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